Author: Anandajit Goswami
Publisher: The Energy and Resources Institute (TERI)
ISBN: 9386530090
Category : Political Science
Languages : en
Pages : 158
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Book Description
Fossil fuel subsidies have been an issue of political contention in developing countries such as India. It is believed that subsidy reduction can enhance economic efficiency and reduce government fiscal deficits. If such a subsidy reduction is complemented by prudent tax collection mechanisms, it can enhance the revenue base. However, there is also a need to target subsidies appropriately as otherwise it can impact on the revenue base of the government. Fuel Pricing in India gives a narrative on fossil fuel pricing issues, covering coal, oil, gas, and electricity. Value chain analyses of the sectors are given to show how taxes and subsidies flow in between different points of the sector. The macroeconomic modelling narrative of the study is also presented in the book. Based on the findings of each of the chapter, the book presents the possible future policy conclusions in the domain of tax- and subsidy-related reforms in India.
Author: Anandajit Goswami
Publisher:
ISBN: 9789386530776
Category : Fuel
Languages : en
Pages : 140
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Book Description
Author: Geeta Gouri
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 116
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Book Description
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author: G. Prasanna Kumar
Publisher:
ISBN:
Category : Oil industries
Languages : en
Pages : 272
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Book Description
Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 1475571194
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.
Author: Hiren Sarkar
Publisher: International Labour Organization
ISBN: 9789221061052
Category : Energy policy
Languages : en
Pages : 134
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Book Description
Country case study of India.
Author: India. Working Group on Oil Prices
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 186
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Book Description
Author: Andreas Goldthau
Publisher: John Wiley & Sons
ISBN: 1119250692
Category : Political Science
Languages : en
Pages : 578
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Book Description
This is the first handbook to provide a global policy perspective on energy, bringing together a diverse range of international energy issues in one volume. Maps the emerging field of global energy policy both for scholars and practitioners; the focus is on global issues, but it also explores the regional impact of international energy policies Accounts for the multi-faceted nature of global energy policy challenges and broadens discussions of these beyond the prevalent debates about oil supply Analyzes global energy policy challenges across the dimensions of markets, development, sustainability, and security, and identifies key global policy challenges for the future Comprises newly-commissioned research by an international team of scholars and energy policy practitioners
Author: Rahul Anand
Publisher: International Monetary Fund
ISBN: 1484305167
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is the adverse welfare impact on households, in particular poor households. This paper evaluates the fiscal and welfare implications of fuel subsidy reform in India. Fuel subsidies are found to be badly targeted, with the richest ten percent of households receiving seven times more in benefits than the poorest ten percent. Although subsidy reform would generate substantial fiscal savings, the associated increases in fuel and other prices would lower household real incomes of all income groups. Better targeting of fuel subsidies would fully protect lower income households while still generating substantial net fiscal savings. Lessons from subsidy reforms in other countries are identified and discussed.
